Alibaba Group Holding Ltd. (NYSE:BABA) on Wednesday reported mixed fiscal fourth-quarter 2026 results.

The company reported quarterly revenue of $35.28 billion, up 3% from a year earlier and slightly ahead of analyst estimates of $35.23 billion. Excluding the divested Sun Art and Intime businesses, revenue increased 11% on a like-for-like basis.

Adjusted earnings per American Depositary Share came in at 9 cents, missing analyst expectations of $1.12.

“Alibaba’s full-stack AI investments have progressed from incubation to commercialization at scale. This quarter, we achieved accelerated breakthroughs across models, cloud infrastructure, and applications,” said Eddie Wu, Chief Executive Officer of Alibaba Group. “Cloud Intelligence Group’s external revenue growth accelerated to 40%, with AI-related products accounting for 30% of this revenue. Our Qwen LLM demonstrated leadership in reasoning and coding while we strengthened our multimodal model portfolio with the launch of video generation and world models. As we see massive potential for agentic AI, we launched multiple enterprise AI agents for office and coding use cases, and we fully integrated e-commerce capabilities into the consumer-facing Qwen app, deepening synergies between AI and our consumer ecosystem.”

Alibaba shares fell 2% to trade at $142.94 on Thursday.

These analysts made changes to their price targets on Alibaba following earnings announcement.

  • Mizuho analyst Wei Fang maintained Alibaba with an Outperform rating and raised the price target from $190 to $195.
  • Barclays analyst Jiong Shao maintained the stock with an Overweight rating and raised the price target from $186 to $195.

Considering buying BABA stock? Here’s what analysts think:

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